Archive for the ‘Chart School’ Category

Money Printing Asset Price Targets

Courtesy of Read the Ticker

money-printing-asset-price-targetsThe FED giveth and the FED taketh away. Right now the FED is giving a lot into 2022 US Mid Terms. 



Unless the FED breaks the market, here are some BRRRRR asset price targets, not normal price targets but money printing adjusted price targets. 





BITCOIN 175,000 to 500,000 USD



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BTC








DOW to 40,000 to 50,000



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DOW1




More DOW



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DOW2




And why not!




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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”Anyone who buys or sells a stock, a bond or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling.”..



Richard D Wyckoff





The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.



Basketball Legend Michael Jordan.





..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..



John Templeton





..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..



Philip Fisher





..”A radical is one who speaks the truth.”..



Charles August Lindbergh Snr











Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-day moving average. This happens to be more oversold than the prior 4 tradable bottoms – marked on the chart by each (1). This historic low comes at the same time that price is testing an important lateral support/resistance area at (2).

Perhaps this rare event will be a buying opportunity for bullish bond traders. Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage could impact the production of many products. Will this rare long-term Fibonacci extension level impact the price of this index?

With the trend being up, a breakout by this key tech index would send a bullish message to the Nasdaq as well as the broad markets.

Keep a close eye on this index over the next 6-weeks, as it will send an important message to many markets!

To become a member of Kimble Charting Solutions, click here.





RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Saturday, 31 October 2020, 07:10:55 PM

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Comment:
Black line could chase the orange line..higher asset prices for 2021. Post US election pop!

Date Found: Saturday, 31 October 2020, 11:32:25 PM

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Comment:
Just like gold …

Date Found: Thursday, 05 November 2020, 06:11:11 PM

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Comment:
The implications of PayPal stepping into Crypto youtu.be/_rmMlMwfQQs

Date Found: Wednesday, 11 November 2020, 02:17:47 AM

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Comment:
Financial conditions back to normal removing the worry from markets, XMAS rally ready seedy go!

Date Found: Wednesday, 11 November 2020, 04:34:12 PM

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Comment:
@MI2Partners 4h “We stand on the cusp of a new #USD cycle,” says @JulianMI2 Our long-term #USdollar model, which measures the number of dollars in the global system, shows just how low things could go… Potentially a 40% decline over the next few of year

Date Found: Friday, 13 November 2020, 10:09:45 PM

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Comment:
Bankers are rolling back tight leading standards.. they see good news ahead!

Date Found: Friday, 13 November 2020, 10:10:46 PM

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Comment:
A 10% to 15% drop in the dollar will send risk on assets to the moon!

Date Found: Friday, 13 November 2020, 11:05:56 PM

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Comment:
Are They Coming For Your Gold, Silver and Bitcoin?  – Martin Armstrong youtu.be/kF2NtwDdobM

Date Found: Saturday, 14 November 2020, 03:24:20 AM

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continue reading





Gold Gann Angle Update

Courtesy of Read the Ticker

gold-gann-angle-updateThe Biden Yellen team have made their play, and it is not US dollar friendly.

Janet Yellen speech named “International Priorities — Remarks to The Chicago Council on Global Affairs” (here) can be summed to (via Luke Gromen) :

The US is accelerating a move away from “subjugating the US middle and working class to support the USD“, to “subjugating the USD to support the US middle and working classes“.

Well the above is true, but as we all know large US deficits and the trend of the US dollar are joined at the hip, and that trend is down ‘huge’.

Gold has pulled back recently and the question is: Is the low in?

Gold has pulled back to 1×4 Gann Angle, plus the ‘T Theory’ indicator suggest a low is also in, so this blog sides with the positive and continue to look for higher gold prices.

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Gold Gann

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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

…”I did not know then what I learned later, what made me fifteen years later, wait two long weeks and see a stock on which I was very bullish go up thirty points before I felt that it was safe to buy it. I was broke and was trying to get back, and so I waited. That was in 1915.”…

Jesse Livermore

In the short run, the market is a voting machine, but in


continue reading





Gold; Load Up The Truck Upon Hitting This Level

Courtesy of Chris Kimble

Gold has created lower highs since peaking last summer. Is Gold near a low? Where would a nice entry point come into play?

This chart looks at Gold ETF (GLD) on a weekly basis over the past few years. GLD hit the top of this rising channel at (1) last summer, as it was above moving averages and relative strength was hitting lofty levels.

The decline over the past 7-months has GLD creating a death cross. Warren Buffett sold his Gold holding before this death cross took place!

Where would one want to pick up some GLD at a nice risk/reward price point?

If GLD reaches rising channel support at (2), which comes into play near the $145 zone, it looks to be a nice price point to load up on GLD with a stop just below rising channel support.

Our metals members are being updated on this pattern weekly. If you would like to be updated on this pattern weekly, we would be honored if you were a metals member. 

To become a member of Kimble Charting Solutions, click here.





Commodities Bulls Hope US Dollar Peaks Here!

Courtesy of Chris Kimble

The US Dollar has received a fair amount of attention over the past year, as pandemic-spurred government stimulus and assistance programs and a softer stance from the Federal Reserve have weakened the buck.

And commodity bulls have benefited enjoying a broad rally over the past 12-18 months.

But not all is lost for King Dollar. And commodity bulls need to pay attention.

Looking at today’s long-term “monthly” chart, we can see that the US Dollar has been in a long-term rising trend marked by each (1). King Dollar recently bounced off the lower rising trend line and is now testing its short-term falling channel resistance at (2).

What the buck does here is important. Commodity bulls are hoping for a peak and turn lower from here. On the other hand, a breakout would signal a strengthening dollar and an emerging headwind for commodities. Stay tuned!

This article was first written for See It Markets.com. To see the original post.

To become a member of Kimble Charting Solutions, click here.





Who Gives A Ship? Baltic Dry Index Breakout Attempt In Play!

Courtesy of Chris Kimble

The health of the global economy relies on several key factors, but one of the more important ones is shipping.

And the Baltic Dry Index (BDI) is a solid barometer for economic activity.

BDI is an index of average prices paid for the transport of dry bulk materials across more than 20 shipping routes.

Today’s chart is a long-term “quarterly” chart of BDI. Notably, trends have been lower since peaking in 2007. But BDI has been rising over the past 5 years and is now testing dual breakout resistance at (2). This resistance comprises of the falling upper channel line, as well as an important 25-year price resistance and support line marked by (1).

Who gives a ship? Well, investors in stocks, bonds, and commodities should! Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Russell 2000 Creates Doji Pattern At Top Of 30-Year Channel

Courtesy of Chris Kimble

After months of strong bullish action for the small-cap stock index, the Russell 2000, chart patterns have turned indecisive.

The broader trend is still bullish (higher highs and higher lows), but the month of March produced a Doji pattern. And this comes after a 110% rally!

As well, the Russell 2000 is testing the topside of a 30-Year price channel.

Doji patterns are a sign of indecision… so nothing is decided yet. But it might be worth keeping a close eye as we head into Spring.

Small caps are a “risk-on” indicator, so any stalling out could be a warning to the broader market. Stay tuned!

This article was first written for See It Markets.com. To see the original post CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





US Dollar Forecast – Weakness

Courtesy of Read the Ticker

us-dollar-forecast--weaknessThe rise in the US 10 yr as pulled up the US dollar, but soon the trillions of new money printing will soon pressure the dollar south. 

We can see below the dollar ‘T Theory’ cycle suggesting we near done, and a period of change is due in the next 4 to 6 months. Notice how neatly the US dollar fits into even weekly time periods.  

The recent US dollar strength had to happen as EVERY ONE was short the US dollar, as the short energy for hitting the ASK BUTTON just dried up, these past six weeks have set up a nice bounce to smash the US dollar ASK once again over the next 4 to 6 months.

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USD1

MI2Partners posted this 20 year US Trade Weighted Index (TWI) model on twitter, here

@MI2Partners In #macroeconomics, when you get the direction of the #USdollar right, the rest falls into place. Triffin’s Dilemma reminds us of the inconsistencies in domestic & international goals. The consequences for the #dollar will be profound

As you can see their forecast is for a new 20 year low in the TWI.

Of course this (or just half of the crash) would create a hyperinflation risk on rally, just like the DOW in 1929 or 1987, and just before US mid terms. Hmmm typical!

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USD3

readtheticker.com US dollar model (below) suggest new lows for the DXY.

Main drivers are European banks are doing better (or less worse) compared to US banks, add on the comparison of core inflation between the US and Europe and lower DXY lows can be expected.

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USD1

CRAZY has not even started yet!

This is what a hyperinflation DOW blow off top could look like, mapped…
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Zero Hedge

More States Are Seeing Unused COVID Jabs Pile Up As Poor Countries Shut Out

Courtesy of ZeroHedge View original post here.

The other day, we reported on an interview with from Dr. Scott Gottlieb, a former director of the FDA under President Trump who frequently appears in the press to offer analysis and commentary on the rollout of the COVID vaccine, along with federal COVID policy more broadly.

Yesterday, the focus of the interview was a criticism lodged by Dr. Gottlieb against the Biden administration's target of 200MM Americans vaccinated by the end of the month. Hours after our post, Bloomberg News shared a startling piece of analysis: Across the US, unused vaccines ar...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Phil's Favorites

Scorpion Capital Calls a New York Stock Exchange Listed Company a Fraud

Courtesy of Pam Martens

New York Stock Exchange

On April 1 we wrote the following about the sorrowful state of the listing standards at the New York Stock Exchange:

“We rarely make predictions but we’re going to make one with confidence today. The New York Stock Exchange’s efforts to capture more market share of the IPO business by listing highly questionable Chinese companies and blank-check companies (...



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Biotech/COVID-19

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

 

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

A complete human genome, seen here in pairs of chromosomes, offers a wealth of information, but it is hard connect genetics to traits or disease. HYanWong/Wikimedia Comons

Courtesy of Xavier Bofill De Ros, National Institutes of Health

The first draft of the human genome was publ...



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Chart School

Money Printing Asset Price Targets

Courtesy of Read the Ticker

The FED giveth and the FED taketh away. Right now the FED is giving a lot into 2022 US Mid Terms. 

Unless the FED breaks the market, here are some BRRRRR asset price targets, not normal price targets but money printing adjusted price targets. 


BITCOIN 175,000 to 500,000 USD

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DOW to 40,000 to 50,000

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More DOW

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Politics

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

 

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

Venezuelans wait at the Colombian border to be processed and housed in tents in 2020. All Venezuelans now in Colombia will receive a 10-year residency permit. Schneyder Mendoza/AFP via Getty Images

Courtesy of Erika Frydenlund, Old Dominion University; Jose J. Padilla, Old Dominion University...



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Kimble Charting Solutions

Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-...



more from Kimble C.S.

Digital Currencies

Crypto - The Beginning of The Beginning... and the Coinbase IPO

 

Crypto – The Beginning of The Beginning… and the Coinbase IPO

Courtesy of Howard Lindzon

I am starting to say the ‘beginning of the beginning’ a lot.

Last month I used it in a blog post about active investing.

Bitcoin and Ethereum are a main reason I believe we are at the beginning of the beginning of active investing and the Coinbase ($COIN) direct listing tomorrow [Apr. 14] is likely why we are still just at the beginning of the beginning of crypto and decentralization.

If it was t...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.